- 2020/12Taiwan: Top ESG-Performer CTCI Secures $20 Million Sustainability Linked Loan from HSBCCTCI Group, a leading engineering, procurement, and construction (EPC) contractor in Taiwan, has announced on December 29, 2020 that it has reached US$20 million sustainability linked loan agreement with HSBC Bank (Taiwan), in determination to further align its global business operations with sustainability goals.
CTCI and HSBC jointly worked out the “green key performance indicators (KPI)” in the agreement, including targets to reduce carbon emissions at construction sites around the world and meet certain evaluation criteria adopted by CDP, a charity that runs global disclosure system for investors and companies to manage their environmental impacts. In turn, HSBC will provide the loan with preferential interest rates.
Key assessment of loan eligibility included general performance in environmental, social, and governance (ESG) aspects. CTCI’s extensive and notable records in sustainability proved decisive in helping the company secure the loan. For six consecutive years, CTCI has been incorporated into Dow Jones Sustainability Emerging Markets Index, and is ranked No.2 in the global engineering category. The company also scored A- in CDP’s climate change program.
Other notable sustainability-related recognitions include: 18 Taiwan Corporate Sustainability Awards, including Top 10 Domestic Companies Sustainability Model Award; Excellence in Corporate Social Responsibility Award from Taiwan’s CommonWealth Magazine; and top 5% in corporate governance evaluation by Taiwan Stock Exchange and Taipei Exchange. CTCI was also selected by Interbrand as one of the Best Taiwan Global Brands 2020.
CTCI identifies its business risks and opportunities based on the recommendations of Task Force on Climate-Related Financial Disclosures. Being well aware of the deep connection between the EPC sector and climate change, CTCI has shifted its business strategies accordingly. Green energy and low-carbon business has now become an important revenue driver for CTCI, accounting for 86% of new contracts as of September 2020, or around US$38 billion (NT$109 billion). Green and low-carbon backlogs, on the other hand, has increased from 23% in 2015 to 64% as of September 2020.
Through “Total Participation CSR Excellence Practice” program, CTCI fully engages its employees to find global sustainability solutions based on the company’s four core competencies: green engineering, smart plants, resource cycling, and intelligent EPC. CTCI will remain committed to a vision of becoming a guardian of the Earth, providing quality and environmental-friendly engineering services.
- 2020/12Taiwan: ECOVE SEC, a CTCI Company, Launches 1.78 GWh Smart PV System at Tri-Service General Hospital, Satisfying Power Demands of 502 Households AnnuallyCTCI Group is pleased to announce on December 17, 2020 that the photovoltaic (PV) system invested and constructed by ECOVE Solar Energy Corporation (ECOVE SEC) at Tri-Service General Hospital (TSGH) in Taipei has begun commercial operations. ECOVE SEC is a company under the CTCI Group’s Resource Cycling Business.
In total, 4,704 PV panels were installed, amounting to an installed capacity of 1.6MW. The system is expected to generate approximately 1.78 GWh of power per year, which can supply power to up to 502 households annually, while reducing approximately 905 metric tons in carbon emissions, or equivalent to a carbon uptake of 2.3 Daan Parks.
Major General Chien-Sung Tsai, Deputy Director-General of Ministry of National Defense’s Medical Affairs Bureau, Major General Tai-Lung Cha, National Defense Medical Center President, Major General Chih-Hung Wang, TSGH Superintendent, and ECOVE SEC President Joy Chao attended the opening ceremony named “Smart PV for Green Energy at TSGH” today.
Due to the uniqueness and importance of the medical unit involved, ECOVE SEC utilized its exceptional technology and experience to effectively reduce the noise generated during construction. In addition, it has successfully avoided inconvenience to the general public who seek medical treatment, as well as ambulances that travel in and out of the hospital due to hoisting operations.
Planning and design-wise, a green roof was built by employing the scaffolding method, which effectively reduces indoor temperature and saves energy while taking into account the available space below. In terms of smart applications, ECOVE SEC incorporated its very own Solar Energy Real-Time Monitor System (SRMS), which can effectively monitor the operating status and power generation of the system in real time via mobile devices, such as mobile phones and tablets.
In the event of an anomaly, SRMS’s built-in alert notification mechanism will send a notification in real time to assist professional maintenance personnel in quickly identifying the problem at once and resuming power generation, so as to ensure stable operation of the system. Construction of the system in this project has fully reflected ECOVE SEC’s dedication to environmental protection, energy saving, and smart technology application.
ECOVE SEC has a wealth of experience in investing, developing, constructing, and operating PV systems in Taiwan and the US. The company is committed to promoting renewable energy and is aggressively adding values to idle spaces through the construction of PV facilities.
At present, ECOVE SEC has completed more than 70 PV plants, with a total installed capacity expected to exceed 100MW by the end of this year, which will then generate a cumulative total of 260 GWh of electricity and reduce up to 142 thousand metric tons in carbon emissions.
Apart from the projects above, cooperation projects between ECOVE SEC and other companies, such as Kaohsiung Rapid Transit Corporation, Taiwan High Speed Rail Corporation, Taiwan International Ports Corporation, and Taiwan Tobacco & Liquor Corporation, are still on-going. ECOVE SEC pledges to support the government’s renewable energy plans with concrete actions, with a view to achieving sustainable energy development policy goals.
- 2020/12Taiwan: ECOVE SEC, a CTCI Company, Launches Taoyuan Metro’s Qingpu Depot Photovoltaic Plant, the Largest Solar Power Plant for Public Housing in Taoyuan CityCTCI Group is pleased to announce on December 14, 2020 that a photovoltaic (PV) plant at Taoyuan Metro Corporation (Taoyuan Metro)’s Qingpu Depot, invested and constructed by ECOVE Solar Energy Corporation (ECOVE SEC), has begun commercial operations. ECOVE SEC is a company under CTCI’s Resource Cycling Business .
A senior management of ECOVE SEC said: “The PV plants at Taoyuan Metro’s Luzhu Depot and Qingpu Depot, which we invested and built, have been completed and put into operation. With a total installed capacity of 5.5MW, these plants will satisfy power demand of up to 1,600 households yearly. In addition to turning Taoyuan Metro into a metro system with the largest contribution to green power in the country, we have also built the largest PV plant for public housing with the largest capacity in Taoyuan City and successfully assisted Taoyuan City Government in building a low-carbon green city.”
An opening ceremony was held on December 14, 2020 and was attended by Taoyuan City Department of Economic Development Director-General Eason Kuo, Taoyuan City Green Energy Promotion Office Director Mao-Shan Lin, Taoyuan Metro Chairman Kun-Yi Liu and President Her-Chang Pu, and ECOVE SEC President Joy Chao.
Taoyuan City Government has been actively promoting the Green Energy Roofs Project in recent years. In response to the city government’s policy, Taoyuan Metro has installed PV panels on the rooftop of two of its depots—Luzhu Depot and Qingpu Depot, and ECOVE SEC has been commissioned with the overall planning, investment, construction, and operation of these plants.
In both projects, approximately 17,500 PV panels capable of generating approximately 5.82 GWh of electricity each year were installed, which will not only increase the amount of electricity for use and revenue from electricity sales, but will also help reduce indoor temperature and save energy effectively. Both plants can help cut up to 3,079 metric tons in carbon emissions per year, or equivalent to the carbon uptake of 11.7 Daan Parks, thereby effectively assisting Taoyuan City in achieving its energy-saving and carbon reduction targets.
ECOVE SEC has a wealth of experience in investing, developing, constructing, and operating PV systems in Taiwan and the US. The company is committed to promoting renewable energy, aggressively adding values to idle spaces through the construction of PV facilities. In particular, ECOVE SEC has accumulated abundant experience and performance in PV installations for the rail sector, with total installed capacity taking the top spot in Taiwan.
At present, ECOVE SEC has completed over 70 PV plants, with total installed capacity expected to exceed 100MW by the end of the year, which will then generate a cumulative total of 260 GWh of electricity and reduce up to 142 thousand metric tons in carbon emissions.
Apart from the projects above, cooperation projects between ECOVE SEC and other companies, such as Kaohsiung Rapid Transit Corporation, Taiwan High Speed Rail Corporation, Taiwan International Ports Corporation, and Taiwan Tobacco & Liquor Corporation, are still on-going. ECOVE SEC pledges to support the government’s renewable energy plans with concrete actions, with a view to achieving sustainable energy development policy goals.
- 2020/09Taiwan: Banks Show Avid Support for CTCI’s NT$100 Billion Power Plant EPC Project through Syndicated LoanOn September 17, 2020, Taiwan’s leading engineering, procurement, and construction (EPC) contractor CTCI Corporation (TWSE: 9933) signed an agreement on a NT$18.5 billion (approximately US$630 million) syndicated loan to be jointly financed by five banks in Taiwan and abroad. The loan will be used for the issuance of performance bond for the recently secured approximately NT$100 billion (US$3.4 billion) contract to build five combined cycle gas-fired power generating units at Taipower’s Hsinta and Taichung Power Plants.
The syndicated loan is led by Taiwan’s Mega International Commercial Bank and Japan-based Mizuho Bank. Other participating banks include the Philippines-based Metrobank (Taipei branch), Taiwan Cooperative Bank, and Hua Nan Bank.
Banks show strong interest in financing this project by 130% oversubscription, or equivalent to NT$24 billion in syndicated loan. Final loan amount was agreed at NT$18.5 billion in a short time-span of two months. This indicates the banks’ confidence in CTCI Corporation’s outstanding engineering expertise and track records, as well as the likelihood that the company will reach new record this year in terms of total contract amount.
Hsinta and Taichung Power Plant project award— contracted by CTCI Corporation in partnership with General Electric— breaks CTCI Corporation’s historic record in terms of single contract amount, and is Taipower’s supporting measure for Taiwanese government’s energy diversification policies.
CTCI Group continues to be a strong supporter of Taiwanese government’s nuclear-free and energy transition policies by aligning its business strategies to the adoption of more green energy and natural gas, but less coal-fired power. Apart from its extensive EPC track records in nuclear, thermal, cogeneration, and combined cycle power plants, CTCI Group has been actively tapping into renewable energy sectors such as offshore wind, solar power, and biomass through its various subsidiaries.
In addition, CTCI is a practitioner of resource cycling, whose businesses encompass waste incineration plant operation and maintenance, as well as industrial and household wastewater treatment. It has successfully opened up new business frontiers in high-tech plant wastewater treatment and semiconductor process waste solvent recycling and reuse. By utilizing its most reliable engineering expertise, CTCI is committed to fostering national development while balancing the needs for environmental protection and economic growth.
- 2020/09Taiwan: Final Beam Installed, CTCI 2nd Headquarters On Track to Completion by Mid-2021On September 22, 2020, Taiwanese leading engineering, procurement, and construction (EPC) contractor CTCI announced that it has held a beam installation ceremony for its second headquarters, marking a critical step to housing its various subsidiaries in one place as the Group is set to embrace a global expansion of its businesses.
The second headquarters, which broke ground in April 2019, is located at Beitou-Shilin Technology Park in Taipei, in proximity to CTCI’s first headquarters. Featuring smart engineering designs, it will become the main office building for CTCI’s Group Intelligent Solutions Business, Group Resource Cycling Business, and CTCI Education Foundation from July 2021 onwards.
John T. Yu, CTCI Group Chairman, says: “We are very pleased to have reached the final phase of the main structure’s construction with beam installation ceremony. What’s more cheering is that our global operations remain uninterrupted despite the COVID-19 pandemic, and we have broken our own records by securing multiple big contracts, reaching the NT$100 billion contract goal far ahead of schedule. This includes the unprecedented single deal we recently won.”
Now in its 41st year of history, CTCI Group is ready to lay another solid foundation for the next four decades of glory and sustainable development through the completion of its second headquarters.
- 2020/09Taiwan: CTCI Wins EPC Contract for Taipower Taichung LNG Receiving Terminal Regasification ProjectOn September 8, 2020, CTCI Corporation announced that it has been awarded an approximately NT$19 billion (US$647 million) engineering, procurement, construction and commissioning (EPCC) contract to build a regasification facility of liquefied natural gas (LNG) Receiving Terminal for Taichung Power Plant, owned by Taiwan Power Company (Taipower).
This is the first LNG receiving terminal and regasification facility owned by Taipower other than CPC Corporation (CPC). Taiwanese government has set a goal to increase gas-fired power generation to 50% by 2025, as part of its commitment to achieving transition to clean energy. This project will ensure a stable natural gas supply with 720 tons per hour, which is enough to meet the demand of gas-fired power generating units 1 & 2 at Taichung Power Plant, as well as units 4, 5 & 6 at Tunghsiao Power Plant.
CTCI Corporation will carry out detailed design, procurement and supply of materials, construction and installment, pre-commissioning, commissioning, and one-year operation and maintenance service in this EPCC contract.
This award demonstrates huge success for CTCI in domestic LNG receiving terminal projects, as earlier this year CTCI Corporation was awarded an approximately NT$18.3 billion (US$623 million) EPCC contract to build CPC’s Third LNG Receiving Terminal at Guantang Industrial Area, Taoyuan.
CTCI Corporation has been working with CPC on LNG receiving terminal projects since 1984, later extending its experiences to Mainland China, India, and Thailand markets.
In terms of strong and proven track records for EPC works in Taiwan and the international market, CTCI is a reliable and preferred partner for power, hydrocarbon, and LNG EPC projects. It supports Taiwanese government’s clean energy policy by proactively taking part in renewable energy sectors, such as solar, wind, and biomass.
- 2020/09Taiwan: CTCI and GE Awarded Multi-Billion Dollar EPC Contract for 5 Combined Cycle Gas Power Units in TaiwanEarlier this month, Taiwan’s engineering, procurement, and construction (EPC) leader CTCI Corporation and consortium partner, General Electric International Inc (GE), secured a record-breaking multi-billion dollar EPC contract for five combined cycle gas-fired power generating units at two power plants in Taiwan.
In partnership with U.S. global company, GE, the consortium was selected for the project which includes works for three new generating units at Hsinta Power Plant with 3900 MW installed capacity and two new generating units at Taichung Power Plant with 2,600 MW installed capacity, both of which are owned by Taiwan Power Company, the state-owned electric power utility corporation.
“We are pleased to be part of the government’s effort to bring cleaner energy,” said Michael Yang, Chairman of CTCI Corporation. “The result is also a recognition of CTCI Corporation and GE’s proven track records in the power industry.”
CTCI Corporation will provide engineering and construction of civil work and erection for the generating units, as well as whole work of balance of plant. GE will deploy ten units of its latest gas turbine technology, the 7HA.03, with its matching steam turbine, generators and HRSG at both sites. The 7HA.03 is the best evaluated technology striking the optimal balance for power output, efficiency and maintainability.
“Building on a proven track record of delivering and commissioning projects in Taiwan, GE is proud to support Taiwan Power Company in their energy transition program to increase electricity production capacity with more efficient technologies, and bring fast, flexible power to Taiwan,” said Ramesh Singaram, President and CEO of GE Gas Power Asia.
The new generating units will commence operations in phases from 2024, gradually replacing coal-fired power generating units, in line with Taiwan government’s non-nuclear and clean energy policy that seeks to increase gas-fired power ratio to 50% by year 2025.
CTCI Corporation has extensive track records in power plant EPC in Taiwan and Southeast Asia, including nuclear, thermal, cogeneration, and combined cycle power plants. In addition, its parent CTCI Group continues to be a strong supporter of the government’s energy diversification policies by tapping into renewable energy sectors such as offshore wind, solar power, and biomass. For GE, the project builds on the company’s proven track record in Taiwan, where GE’s latest HA technology will power the Datan 7, 8 & 9 combined-cycle power plants.
- 2020/08Taiwan: Enrooting Engineering Education for Sustainable Development: “Little Engineers Summer Camp” Organized by CTCI Education Foundation Launched OfficiallyCTCI is pleased to co-host the “Little Engineers Summer Camp 2020” with CTCI Education Foundation and Taiwan Institute for Sustainable Energy. This is part of CTCI’s drive to enhance CSR practices through its own competencies and an effort to boost children’s knowledge on sustainable engineering. The first round of the two-round summer camp program kicked off on August 5 at CTCI’s headquarters, drawing 49 excited fifth and sixth graders from 32 elementary schools throughout Taiwan.
The summer camp began with a symbolic oath, where kids pledged by signing their names to do their best to become little engineers. Program highlights include diverse and fun courses brought by engineers at CTCI, who help kids to easily understand what otherwise would be hard to comprehend. Additionally, a couple of corporate visits and hands-on opportunities are offered for kids to get an insight on how CTCI engineers use their competencies to put sustainability and corporate social responsibilities into practice.
All activities throughout the summer camp blend in sustainability issues with engineering expertise. Fantastic courses throughout the 3-day summer camp include: experiencing actual engineering settings through virtual reality; shaping logical thinking and introducing to practical issues through online 3-D model operations; visiting ECOVE’s “green dream plant,” or incineration plant, in Miaoli County; and visiting Taipower D/S One and CTCI Advanced Systems Inc. to get a glimpse on smart engineering. Joined by CP Yen Foundation director Jorie Wu and Environmental Quality Protection Foundation senior researcher Szu-chi Kao, kids learn by playing a board game called “2030 SDGs” and by doing sustainable DIY projects.
In the end, kids take away finish DIY engineering projects, sparked with their creativity. Through games and hands-on courses, the summer camp increases kids’ awareness of their own values and impact to the world. It also encourages them to care for nature, the environment, and the human society. This will be a memorable summer for all kids, who will remember to commit to sustainability in their daily lives.
- 2020/08Taiwan: CTCI Awarded Contract for Taipei Metro's Wanda Line Phase 2 Extension in Consortium with AlstomOn August 5, 2020, in a consortium with French transportation solutions provider Alstom, Taiwan’s largest turnkey contractor CTCI is awarded a contract to provide system-wide electrical and mechanical (E&M) work to Taipei City Government’s Wanda-Zhonghe-Shulin Line Phase 2 metro extension. This is a recognition of the consortium’s quality service for undertaking the Phase 1 project previously awarded in 2018.
With approximately US$503 million in total contract amount, Phase 2 covers 13.3 kilometers and 13 stations, and is expected to be completed in 2028. Once completed, the 22.8-km Wanda-Zhonghe-Shulin Line will boost Taipei metro network by connecting Xindian Line, Circular Line, Tucheng Line, and Xinzhuang Line.
This medium-capacity metro line will adopt Alstom’s driverless cars. CTCI will provide power supply, telecommunication, ticketing systems, track work, depot equipment, as well as jointly carry out project management and system integration with Alstom.
CTCI has been involved in Taiwan’s metro development ever since 1989, when the first line opened. It has subsequently contracted electromechanical engineering, procurement, construction, and commissioning works for Taipei Metro’s Bannan Line, Xinlu Line, Tamsui-Xinyi Line, Songshan-Xindian Line, Taichung Metro’s Wenxin-Beitun Line, and Danhai Light Rail. In recent years, CTCI has also exported its engineering expertise to overseas metro projects in Malaysia and Singapore. Apart from the metro, CTCI offers engineering services for high-speed rails and airports.
CTCI’s partnership with Alstom follows previous joint success in Xinlu Line, Nangang Line Eastern Extension, and Wenxin-Beitun Line. In the future, CTCI will continue to deliver reliable services with quality engineering worldwide.
- 2020/07Taiwan: CTCI MAC’s Transition Pieces Ready for Load-out to Yunlin Offshore Wind FarmOn July 29, 2020, CTCI Machinery Corporation (CTCI MAC), part of CTCI Group, has completed a substantial number of transition pieces ready to be loaded out to Yunlin Offshore Wind Farm in Taiwan, developed and operated by the German-based wpd AG. The transition pieces delivery ceremony on July 29 marks a critical step forward in realizing Taiwan’s offshore wind localization policy.
The 640 MW Yunlin Offshore Wind Farm will feature 80 Siemens Gamesa 8 MW turbines, half of which adopt CTCI MAC’s transition pieces. The first batch of transition pieces is set to be loaded out on a barge by wpd early August from CTCI MAC’s Ta-Lin Shop in Kaohsiung to the offshore site for installation. The rest will be delivered in batches throughout this year.
“With our expertise and experience, we are very confident that CTCI MAC can help Taiwan achieve energy diversification goals through offshore wind farms,” CTCI MAC Chairman Yun-Peng Tan says.
Once completed in 2021, Yunlin Offshore Wind Farm will become the largest single offshore wind farm in the Asia-Pacific, powering up to 640,000 households in Taiwan annually. It is also one of the early offshore wind farms in Taiwan with locally-sourced components.
CTCI MAC is a subsidiary of Taiwan’s largest turnkey contractor CTCI. With over 40 years of expertise manufacturing pressure vessels, CTCI MAC is now an important foundations supplier for offshore wind farm projects in Taiwan. Apart from supplying transition pieces, CTCI MAC recently secured separate contracts with Copenhagen Infrastructure Partners (CIP) and China Steel Power Corporation to supply nearly 300 pin piles to Changfang and Xidao Offshore Wind Farm and Zong Neng Offshore Wind Farm.
Taiwan aims for 5.5 GW installed offshore wind capacity by 2025. CTCI will continue to strongly support the government’s energy diversification and localization policies by tapping further into wind, solar, biofuel, and natural gas power sectors.
wpd AG is a worldwide developer and operator in wind power on- and offshore as well as solar power. Headquartered in Bremen, Germany, it is currently the largest private renewable energy operator in Taiwan.
- 2020/07Taiwan: CTCI MAC Wins Pin Pile Contract for Taiwan’s Zhong Neng Offshore Wind FarmOn July 17, 2020, CTCI Machinery Corporation (CTCI MAC), a subsidiary of CTCI, signed contract on July 17 with China Steel Power Corporation to supply nearly a hundred pin piles for the wind turbines to be installed at Zhong Neng Offshore Wind Farm off Changhua coast in central Taiwan. Commercial operation of the 300 MW wind farm is expected to begin in 2024, supplying power to up to 300,000 households, furthering Taiwan’s effort in climate change mitigation.
This is the third time in two years CTCI MAC has been awarded foundation supply contract for offshore wind farm in Taiwan. Last year, CTCI MAC was contracted to manufacture transition pieces for 40 wind turbines at wpd’s Yunlin Offshore Wind Farm, followed by supplying pin piles to CIP’s Changfang and Xidao Offshore Wind Farm this April.
“CTCI MAC has over 40 years of expertise manufacturing pressure vessels,” CTCI MAC Chairman Yun-Peng Tan says. “Thanks to our previous experience in offshore wind projects, we are now capable of carrying out simultaneous welding tasks with four -SAW welding machines on sections even with various section diameters. Our exceptional performance in welding efficiency and low percentage rate of clip and shave have surpassed European counterparts, according to the German consulting technicians at CTCI MAC plant.”
“CTCI MAC is a reliable partner capable of meeting client needs with flexible production and stable supply, showing professionalism in every aspect, including production planning, quality control, HSE, and transport,” Tan adds.
Four production lines will be set up at CTCI MAC’s 50,000 m2 Ta-Lin Shop in Kaohsiung’s Nansing Free Trade Zone. The proximity to port will allow efficient sea transportation to offshore sites once pin piles are ready for load out from March 2023 and onwards.
Taiwan aims for 5.5 GW installed offshore wind capacity by 2025, with the majority of wind turbine and foundation components sourced locally. Zong Neng Offshore Wind Farm, which has passed Industrial Development Bureau’s localization review, is committed in delivering all 27 localization items required by Taiwanese government, making it one of the offshore wind farms shouldering the highest level of localization in offshore wind industry. CTCI, Taiwan’s largest turnkey contractor, will continue to strongly support the government’s energy diversification and localization policies by tapping further into wind, solar, biofuel, and natural gas power sectors.
Being the first offshore wind farm with significant ownership by a Taiwanese company, Zhong Neng Offshore Wind Farm is owned by China Steel Power Corporation, a joint venture by Taiwan’s China Steel Corporation and Denmark’s Copenhagen Infrastructure Partners (CIP).
- 2020/07Taiwan: Thanks to CTCI, the World Sees Taiwan: College Students from 19 Countries Explore Taiwan’s Sustainability Performance by Signing Up for CTCI EF Event “2020 Taiwan in My Eyes--Discover Sustainability”CTCI has announced that its nation-wide sustainability-exploration program “2020 Taiwan in My Eyes-- Discover Sustainability” has kicked off on July 6 at the CTCI headquarters, drawing 12 teams from 9 universities and 19 countries. Jointly held by CTCI Education Foundation (CTCI EF) and Center for Corporate Sustainability (CCS), the 5-day program is aligned to United Nations’ Sustainable Development Goals. CTCI Group Chairman John T. Yu and CTCI EF Chairman Eugene Chien showed up on kick-off day, reminding students to take time to explore, discuss, and observe how sustainability can be achieved through daily living activities. Students are encouraged to share their views on social media platforms, so that the world can see Taiwan’s sustainable achievements.
For its sixth year running, this well-funded program takes students to famous benchmark companies. Students also enjoy plenty of free time to visit places as they wish to explore sustainability practices. That way, it will not only trigger in-depth thinking and discussion, but will bring sustainable ideals into reality in Taiwan and spread the influence worldwide as well.
- 2020/07Taiwan: The 2020 Annual General Meeting of CTCI Corporation & the 1st Meeting of the 15th Term Board of DirectorsCTCI Corporation held its 2020 Annual General Meeting on May 28, 2020 at International Conference Hall in the Mellow Fields Hotel. During the meeting, motions regarding business report for fiscal year 2019, financial statements, distribution of fiscal year 2019 earnings, cash distribution from legal reserve, and amendments of “Articles of Incorporation” were all carried.
According to the business report, consolidated sales revenue amounted to TWD 58,211,022 thousand in 2019, a 9.14% decrease against 2018. Consolidated net income was reported at TWD 1,177,011 thousand, a 35.60% decrease against 2018. Total new contract awarded to CTCI group during fiscal year 2019 was TWD 46,331,678 thousand. The major reason for the decrease in consolidated sales revenue is that large-scale projects contracted in 2018 had entered acceptance stage, while sales revenues for most of the new contracts secured in 2019 have not yet been recognized. In addition, cash dividend and cash distribution from legal reserve payable to shareholders of TWD 946,401,753 and TWD 580,237,339, respectively, were approved by the 2020 Annual General Meeting. (TWD 2.0 per share based on 763,319,546 common outstanding shares.)
Meanwhile, the election of the Company’s 15th term Directors was held, and the motion for lifting non-competition restrictions for newly-elected directors was carried. In all, 12 Directors were elected (including 4 Independent Directors) for the 15th term, each with a tenure of three years. The first Board Meeting for the 15th term Board of Directors was held on the same day, during which former President Michael Yang was elected as Chairman and former Executive Vice President Todd Chen was appointed as President. The ex-dividend date and the dividend payment date were set to be on July 24 and on August 21, 2020, respectively.
- 2020/07Taiwan: The 2020 Annual General Meeting of ECOVE Environment Corporation & the 1st Meeting of the 8th Term Board of DirectorsECOVE Environment Corporation held its 2020 Annual General Meeting on May 28, 2020 at Room 505 in the Mellow Fields Hotel. During the meeting, motions regarding business report for fiscal year 2019, financial statements, distribution of fiscal year 2019 earnings, and amendments of “Articles of Incorporation” were all carried.
According to the business report, consolidated operating revenues for 2019 amounted to NT$ 5,321,559 thousand, an increase of NT$ 474,463 thousand against 2018. Net profit after tax for 2019 was reported at NT$ 811,312 thousand, an increase of NT$ 4,400 thousand against 2018. The increase of operating revenue for 2019 is attributed primarily to the increase in ECOVE Solar Energy Corp.’s--the newly merged subsidiary-- revenue by NT$ 268,829 thousand, as well as a hike in purchase price of business waste in year 2019. In addition, cash dividend payable to shareholders of NT$ 726,748,753 was approved during the meeting (NT$ 10.83 per share based on 67,105,148 common outstanding shares).
Meanwhile, the election of the Company’s 8th term Directors was held, and the motion for lifting non-competition restrictions for newly-elected directors was carried. In all, 9 Directors were elected (including 3 Independent Directors) for the 8th term, each with a tenure of three years. The first Board Meeting for the 8th term Board of Directors was held on the same day, during which Chairman J. J. Liao was reelected and President Y. P. Shih was reappointed. The ex-dividend date and the dividend payment date were set to be on July 24 and on August 19, 2020, respectively.
- 2020/07Taiwan: The 2020 Annual General Meeting of CTCI Advanced Systems Inc. & the 1st Meeting of the 12th Term Board of DirectorsThe 2020 Annual General Meeting of CTCI Advanced Systems Inc. (CTCI ASI) was held at Taipei Computer Association Executive Club Room 501 on May 27, 2020. During the meeting, motions regarding business report for fiscal year 2019, financial statements, distribution of fiscal year 2019 earnings, and amendments to “Articles of Incorporation” were all carried.
According to the business report, consolidated sales revenues amounted to TWD 1,035,372 thousand in 2019, a 26.44% decrease against year 2018. Consolidated net income was reported at TWD 74,941 thousand, a 1.70% decrease against 2018. Total new contract awarded to CTCI ASI in 2019 was TWD 1,039,002 thousand. The major reason for the decrease in consolidated sales revenue is that large-scale projects contracted in 2018 had entered acceptance stage, while sales revenues for most of the new contracts secured in 2019 have not yet been recognized. Another reason is due to the postponement of Taoyuan Airport Third Terminal’s main infrastructure tender, which affected our large project progress at the airport.
Cash dividend payable to shareholders of TWD 69,913,745 was approved during the meeting (TWD 2.9761 per share based on 23,491,500 common outstanding shares).
Meanwhile, the election of the Company’s 12th term Directors was held, and the motion for lifting non-competition restrictions for newly-elected directors was carried. In all, 9 Directors were elected (including 3 Independent Directors) for the 12th term, each with a tenure of three years. The first Board Meeting for the 12th term Board of Directors was held on the same day, during which Director Chung-Chie Chou was elected as the new Chairman, and Director Chen-Chin Chen was reappointed as the President. The ex-dividend date and the dividend payment date were set to be on August 1 and on August 19, 2020, respectively.
- 2020/06Taiwan: Time to Pass On a Legacy and Elect New Successors to Ensure Our Everlasting Growth: Tea Party Ends in SuccessEstablished over 40 years ago, CTCI has come a long way to become Taiwan’s No. 1 and one of the Top 100 engineering services providers worldwide. To ensure our everlasting growth through leadership transitions, the board of directors have made a decision during CTCI Corporation’s board meeting on May 28 to promote CTCI Corporation President Michael Yang to become CTCI Corporation Chairman, and CTCI Corporation Executive Vice President Todd Chen to become CTCI Corporation President. The former CTCI Corporation Chairman, John T. Yu, as the head of CTCI Group, will continue to serve as Group Chairman and lead the Group’s Executive Committee in setting the Group’s visions, long-term goals, brand image, and corporate culture, while also supervising and assessing the development and performance of our three business groups and the Group Shared Services (GSS) for its sustained growth.
At this critical moment of leadership transition, the company has organized a tea party on June 8, inviting over 100 participants, including senior managers of our Group in Taiwan, young potential talents, and the chairmen/presidents of our overseas subsidiaries (via video conferences) to join this historic event. At the tea party, a video featuring past leaders of CTCI had been played to allow everyone to review CTCI’s history together.
Welcomed by a big round of applause, Group Chairman John T. Yu addressed in his opening speech that leadership transition is always a manager’s responsibility. The two successors are professional managers nurtured by CTCI from the very beginning. They are passionate, talented, aggressive, and are always willing to take on a challenge despite the risks. With these attributes, they have earned trust and respect, and have been chosen as successors to shoulder much heavier responsibilities. Offering congratulations to the newly elected leaders and to CTCI for keeping with the tradition of entrusting professional managers in running our company, Chairman Yu also expects the new management team to “lead by example, have moral integrity, be smart and wise, while staying just, open, and fair in every action taken.” That way, the new management team may continue to deliver CTCI’s engineering expertise to where it is needed most, and let every colleague share the pride as the world gets to know Taiwan’s engineering strengths.
The newly elected Chairman Michael Yang expressed his deep appreciation to the support and recognition from the Group Chairman and the Board. He mentioned that over the past forty years, he has only been able to conquer numerous tough challenges with the guidance of predecessors and the joint efforts of all colleagues. Now that he has taken up the heavy responsibilities, he will hold fast to the spirit of innovation and courage to make breakthroughs, dedicating to opening new perspectives for CTCI together with all staff.
The new CTCI Corporation President Todd Chen stated in his inaugural address that “transition in leadership” shall not be confined to any particular posts; instead, every single colleague has responsibility to pass down his/her experiences to successors. Shouldering new responsibilities, President Chen will spare no effort to strengthen communications across project teams and supporting departments, furthering realization of teamwork, so that the precious expertise and experiences could be passed down, and that the corporate culture of “professionalism, integrity, teamwork, and innovation” would be incorporated into day-to-day works. President Chen expects to pass the legacy on for generations to come, and to contribute himself to achieve sustainable growth for CTCI based on all colleagues’ collective effort.
The inaugural addresses were followed by a 15-minute open discussion session, attended by Group Chairman Yu, CTCI Corporation Chairman Yang, and CTCI Corporation President Chen. During the session, representatives of the young potential talents took the chance to ask about the key to success, the inner journeys these top managers went through up until being chosen as successors, and methods to enhance personal capabilities. The discussions were enthusiastic and the top managers had given their feedbacks unselfishly. The tea party ended in a lively and friendly fashion. Once again, in line with its proud tradition, CTCI has completed leadership transition, something which every CTCI colleague takes pride for. The new management team will continue to lead CTCI towards realizing the vision of being “the most reliable global engineering services provider.”
- 2020/05Taiwan: CTCI Chemicals Integrates Factories & Offices in One Place to Strengthen Capabilities—Blessing Ceremony Concluded with SuccessTo consolidate various leased factories and offices scattered in many places, CTCI Chemicals (CTCI CHC) purchased a piece of land to build a home of its own at Taoyuan Hi-Tech Industrial Park. The factory-office complex, which is a safe work environment in compliance with applicable laws and regulations, is now completed, and the relocation and blessing ceremony ended successfully on May 21. Group Chairman John T. Yu and CTCI CHC President Sam Kuo presided over the event together with other attending senior managers and colleagues, all sending their best wishes to CTCI CHC for a prosperous business.
By integrating CTCI CHC’s factories and offices of Neihu, Dayuan, and Jiuru, the internal communication and work efficiency will be greatly enhanced, and staff trainings could be further strengthened, thereby boosting the Company’s core competiveness. Looking towards the future, CTCI CHC will continue to develop its brand, set up a comprehensive supply chain in chemical products as well as an all-purpose laboratory, all of which will be dedicated to the single goal of being a well-rounded global specialty chemicals application services provider.
New address of CTCI CHC: No.808, Baiyu South Road, Guanyin District, Taoyuan City 328, Taiwan (R.O.C.)
- 2020/05Taiwan: CTCI Takes Part in 2020 CSR Captain Program-Spring Action to Share CSR Best Practices OnlineThe 2020 Corporate Social Responsibility (CSR) Captain Program-Spring Action workshop, co-hosted by CTCI Education Foundation, Center for Corporate Sustainability, and I-Shou University, ended successfully on May 2, 2020. In light of the COVID-19 pandemic, the workshop this year was held online for the first time. In total, 60 students coming from 10 universities and colleges, and divided into 15 teams, joined the event to learn about CSR practices of three benchmark companies. Candy Hu, General Manager of Brand Management Department at CTCI, talked about how CTCI fulfills its corporate social responsibilities by aligning to the CTCI’s “the Most Reliable” brand spirit. Now in the 40th year since its founding, CTCI has adopted total participation CSR excellence practice based on its core competencies, and aggressively strives for a sustainable vision built upon economic, environmental, and social aspects, as well as a vision that calls for “becoming a guardian of the Earth with innovative green engineering technologies.”
During the workshop, experts taught students how to write CSR Captain Program reports based on the “Task Force on Climate Related Financial Disclosures (TCFD) mock risk assessment” framework. The workshop aims for creativity flourishing among students and to see interesting proposals. Final presentation and awards ceremony will be held on May 30. It is believed that these rich and practical courses will allow students to have better idea of sustainability and corporate social responsibility.
- 2020/04Taiwan: CTCI Strikes Deal with Copenhagen Infrastructure Partners in Pin Pile Supply for Taiwan’s Offshore Wind Farms, Solidifying Its Position in Offshore Wind Power SectorFollowing a successful contract award for an offshore wind turbine transition pieces project in 2019, CTCI MAC, a subsidiary of CTCI- the largest EPC turnkey project services contractor in Taiwan, has recently secured “Changfang and Xidao (CFXD) Offshore Wind Farm Pin Pile (PP) Supply Agreement” with Copenhagen Infrastructure Partners (CIP). This contract award further solidifies CTCI’s position in the offshore wind power sector.
Located off the coast of Changhua in central Taiwan, the multi-billion TWD wind farm project will see 186 PPs to be manufactured by CTCI MAC for 62 wind turbines--the largest number of PPs to be manufactured by a single contractor in Taiwan to date, helping to generate up to 600 MW of power once operations begin in 2022. This is equivalent to an annual power consumption of 600,000 households.
The Denmark-based CIP, which is responsible for the development, construction, and operation of the CFXD Project, is one of the global leaders in the offshore wind sector.
To ensure production and delivery on time, CTCI MAC has already begun sourcing subcomponents and preparing machines and tools since this February. Formal production will commence by this August, with manufactured PPs to be delivered in batches in July 2021. To facilitate the transportation of PPs from Kaohsiung Port to the project site off Changhua, CTCI MAC has set up CTCI MAC Ta-Lin Shop in Nansing Free Trade Zone in Kaohsiung, southern Taiwan.
CTCI MAC has 40 years of experience in manufacturing pressure vessels, and has obtained both European certifications EN 1090 (EU Steel Structure Certification) and ISO 3834 (Welding Quality Management System Certification) since November 2017. By demonstrating its professional production and management capabilities pertaining to production planning, quality control, HSE (Health, Safety, and Environmental protection) and shipping, CTCI MAC is a preferred partner for wind power developers.
Taiwanese government has been carrying out offshore wind power localization policy that aims for 5.5 GW power generating capacity by the year 2025. In addition to supporting the government’s offshore wind power policies, CTCI has been actively engaging in the power development and plant constructions for other kinds of renewable energies or efficient energies, such as solar, biomass, and natural gas. In the long run, CTCI will help to provide clean energy with low- or even zero-carbon emissions as well as stable power supply.
- 2020/03Taiwan: ECOVE Transforms Idle Landfill into Photovoltaic Power Plant: Jing-Liao PV Plant in Tainan Now in Commercial OperationECOVE, Taiwan's largest environmental resource management corporation under the parent company CTCI, announces that it has completed the synchronization of a photovoltaic (PV) power plant at the Jing-Liao Landfill in Tainan City. As Taiwan’s leading company in the solar power sector, ECOVE invested and constructed Jing-Liao Photovoltaic Power Plant, which is expected to generate 1,080 MWh of green power, enough to supply about 300 households and cut down 575 metric tons of carbon emissions annually. This is equivalent to the amount of CO2 that can be absorbed by 1.4 Da'an Forest Park, the largest park in Taipei.
In recent years, Tainan City Government endeavors to promote multiple land uses and produce green energy on idle lands. In collaboration with the city government, ECOVE has engaged in a series of projects to plan, invest, construct, and operate photovoltaic power facilities at idle landfills; up till today, it has completed 12 photovoltaic power constructions, including Xin-Ying Plant, Cheng-Hsi Plant, Yan-Shui Plant, Ma-Dou Plant, and Jing-Liao Plant. In total, the 12 power facilities can generate up to 19,000 MWh of green power, enough to supply 5,225 households and cut down 10,127 metric tons of carbon emissions annually. This is equivalent to the amount of CO2 that can be absorbed by 26 Taipei Da'an Park.
In Taiwan, a small island with high population density, acquiring land for installing PV power plants is not easy. That is why ECOVE chooses idle landfills as building sites for PV power plants, offering merits of land revitalization, low pollution, and green energy generation. In the coming days, ECOVE will continue to support the government in renewable energy projects to achieve the green energy goal.
- 2020/02Taiwan: CTCI Acquires Ho-Ping Power Plant No.2 AQCS Retrofit EPC Project, Improving Air Quality with Green Engineering TechnologiesCTCI, Taiwan's largest EPC contractor, has long been committed to utilizing green engineering technologies in EPC project executions at Taiwan and abroad, striving for continual improvement in our environment. Its efforts have recently been recognized with the contract award of Ho-Ping Power Plant No.2 AQCS (Air Quality Control Systems) Retrofit EPC Project. The scope of the project includes new Wet Electrostatic Precipitator (WESP), new Non-Leakage Gas Gas Heater (NLGGH), system upgrade of Selective Catalytic Reduction (SCR), Flue Gas Desulfurization (FGD), and Induced Draft Fan (ID Fan) which will help upgrade air quality improvement efficiency for the existing plant.
Ho-Ping Power Plant is owned by Ho-Ping Power Company, a subsidiary of Taiwan Cement Corporation (TCC). It is located in Hualien as the largest power plant in eastern Taiwan with an installed capacity of up to 1,320MW. TCC has been actively involved in the R&D of environmentally friendly technologies to minimize impacts of global climate change for years. As a believer and executor of the circular economy, it has been also applying new technologies to enhance operational performance of its existing plants, optimizing resource use efficiency. The Ho-Ping Power Plant AQCS Retrofit Project is a good example of the action. CTCI provided engineering and construction services of Ho-Ping Power Plant back in 1999. And this time, CTCI has been selected again as the contractor of the aforesaid AQCS Retrofit EPC Project, beating strong competitors in the bid evaluation process for having superior air pollution control technologies and much more track records in power plants. Engineering of the project starts from January 2020. To ensure normal operation of the power plant, the retrofit work will be conducted during the annual overhaul of the Unit No.2.
CTCI has a strong track record in power plant projects, completing a number of target projects in Taiwan, China, Thailand, the Philippines, and the US. It has now extended services to environmental engineering, including water, waste water, Energy-from-Waste and air quality control, dedicated to lowering environmental impact arising from industrial development. With the brand spirit of being the “Most Reliable Engineering Services Provider”, CTCI envisions to utilize green engineering principles across our work to strike a balance between economic growth and sustainable environment.